As a result, the issued capital stock of Pampa increased from 1,938,368,431 to 2,082,690,514 ordinary shares, which net of the share repurchases made under the programs announced on April 27 and June 22, 2018, amounts to 1,938,715,514 ordinary shares as of today.

The finalization of this corporate reorganization is another key milestone in the history of Pampa, ending a process that started with the acquisition of former Petrobras Argentina S.A. back in May 2016, aiming to simplify and maximize the efficiency of the Company’s structure, derive significant operative efficiency, benefit from optimized use of available resources and the streamlining of technical, administrative and financial structures, among other improvements.